The Italian chemicals industry benefits from a rebound in domestic demand, however businesses dependent on the construction sector still face higher risks.
The Belgian chemicals sector continues to grow, benefitting from structural resilience, but suffers from weakening competitiveness due to high labour costs.
The outlook for the Indian chemicals industry is positive, but there are liquidity and solvency issues with businesses in the trade and wholesale segment.
The US chemicals sector performs well, but the energy and fuel/oil subsector is in trouble, mainly affecting smaller and regional players in this segment.